Tag Archives: Money Laundering Reporting Officer

Top tips for MLROs

Posted on December 29, 2021 by Susan Grossey author

And so here we are: my final weekly blog post. I could think of no more fitting topic than my top five tips for MLROs, garnered over twenty-five years of working with you. Get people to care. It’s all very … Continue reading →

Posted in Uncategorized | Tagged AML, communication, due diligence, financial crime, legislation, MLRO, money laundering, Money Laundering Reporting Officer, proceeds of crime, training | 30 Comments

Selling off the family silver (and ceramic)

Posted on November 24, 2021 by Susan Grossey author

As some of you may be aware, I am retiring from the world of AML at the end of this year. In preparation for that I have been having a grand sort-out and have uncovered a couple of things that … Continue reading →

Posted in Uncategorized | Tagged AML, auction, cufflinks, MLRO, Money Laundering Reporting Officer, mug, training, workshop | 4 Comments

Lifelong learning

Posted on June 2, 2021 by Susan Grossey author

At the start of my working life, I did a self-assessment questionnaire which indicated that my strengths lay in keeping myself to myself (a team worker I ain’t) and in learning more and more about less and less – in … Continue reading →

Posted in Uncategorized | Tagged AML, anti-money laundering, cryptocurrencies, FATF, Financial Action Task Force, legislation, MLRO, money laundering, Money Laundering Reporting Officer, trade-based money laundering | Leave a comment

It’s just how we’re made

Posted on December 9, 2020 by Susan Grossey author

In a normal AML training session I do not have time to deal with the more philosophical aspects of the subject, but when I run extended workshops – as I have been recently – there is scope for delving into … Continue reading →

Posted in Uncategorized | Tagged AML, CDD, compliance, KYC, MLRO, money laundering, Money Laundering Reporting Officer, procedures, record-keeping, training | 2 Comments

Heading for the exit

Posted on January 22, 2020 by Susan Grossey author

One of my great ambitions – which I achieved for a short while in one jurisdiction – is to facilitate communication and foster understanding between the three sides of the AML triangle: regulator, law enforcement and industry. Now, that’s a … Continue reading →

Posted in AML, Money laundering, Regulation | Tagged bank, fiduciary, Guernsey, Guernsey Financial Services Commission, law enforcement, MLCO, MLRO, money laundering, Money Laundering Compliance Officer, Money Laundering Reporting Officer, regulation, regulator, training | 4 Comments

Officer politics

Posted on January 30, 2019 by Susan Grossey author

One of my main arenas of AML activity is Guernsey, and life there is pretty exciting at the moment with the imminent arrival of new AML legislation and guidance – both already published and coming into force on 31 March … Continue reading →

Posted in AML, Legislation, Money laundering | Tagged AML, disclosure, due diligence, financial crime, government, Guernsey, Jersey, legislation, MLCO, MLRO, Money Laundering Compliance Officer, Money Laundering Regulations, Money Laundering Reporting Officer, nominated officer | 3 Comments

More care for the spare

Posted on October 15, 2015 by Susan Grossey author

Even the most dedicated and determined MLRO needs a break from his work occasionally, and as he packs his flip-flops/salopettes* and the latest thriller/romance/colouring-in book* [* delete as appropriate] he can relax knowing that all is being left in the … Continue reading →

Posted in AML | Tagged AML, due diligence, ML Regulations, MLRO, money laundering, Money Laundering Reporting Officer, training | 6 Comments

The detrimental quarter

Posted on November 26, 2014 by Susan Grossey author

Three of my very most favourite things in the world are delivering training, MLROs and biscuits – so when I can combine the three (as in tomorrow’s workshop for experienced MLROs in Guernsey, with two biscuit breaks) I am a … Continue reading →

Posted in AML, Due diligence | Tagged AML, due diligence, MLRO, money laundering, Money Laundering Reporting Officer, training | 3 Comments

On your marks, get set, MLRO!

Posted on November 25, 2013 by Susan Grossey author

I remember my first day at university very well, even though it was so long ago that the whole experience was in black and white. As I was leaving my college to walk into town for the first time, the … Continue reading →

Posted in AML, Money laundering | Tagged AML, communication, due diligence, FATF, financial crime, legislation, MLRO, money laundering, Money Laundering Reporting Officer, organised crime, suspicion, training, white collar crime | 7 Comments

Say it isn’t so

Posted on August 15, 2013 by Susan Grossey author

You know that I love MLROs. They are quite possibly my favourite people in the world – apart from Donny Osmond, of course. And Victoria Wood, particularly in “dinnerladies”. I digress. MLROs do a difficult job in adverse circumstances, often … Continue reading →